I welcome new figures showing that £500 million has been awarded to small businesses across the country through the Government's Start Up Loans programme, and I'd like to take this opportunity to urge more entrepreneurs in Mansfield and Warsop to apply.
The new figures show that 66 loans have been awarded in Mansfield, with firms receiving over £503,200 in support.
Since 2012, the Start Up Loans programme has issued nearly 65,000 loans to entrepreneurs and small businesses across the country, helping them to grow and create well-paying jobs in their local area.
As part of the Conservatives’ Modern Industrial Strategy, entrepreneurs are being supported to start up and businesses are supported to grow and reach their full potential.
We are providing over £13 billion of business rates support over coming years, as well as tackling delays in payments to small businesses to ensure that that they are paid on time.
Small businesses are the backbone of our economy, and through the modern Industrial Strategy and schemes like the Start Up Loans programme, this Government is determined to support them.